If you select a level of cover we will quote the nearest amount available based on the details you have provided. The quote does not constitute an offer. If your client has a birthday before the cover starts the quoted figures shown may change.
Depending on how long premiums are paid for, the total premiums paid may be greater than any benefit paid out by the policy. Premiums cease at age 90 but cover continues for life.
To calculate how many premiums your client could pay: multiply monthly premiums by 12 and then multiply the answer by the number of years and part years between now and the client's 90th birthday.
For example, an 80 year old client would pay:
£20 premium x 12 months x 10 years = £2,400
Amount payable on death before 2nd anniversary of policy
|Non accidental death
||1 ½ times the premiums paid
||3 times the sum assured or £48,000, whichever is lower.
Amount payable on death after 2nd anniversary of policy
The full sum assured chosen (less any Serious Illness benefit already paid). If Terminal Illness
benefit has been claimed there will be no pay out upon death.
Amount claimable for serious or terminal illness diagnosed after 2nd anniversary of the policy
||20% of the sum assured – this reduces the amount payable on death or terminal illness.
100% of the sum assured – less any Serious Illness benefit already paid. The plan will
end and there will be no pay out on death or serious illness.